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Wales Online
Wales Online
Politics
David Hughes & Ria Tesia

New PM Rishi Sunak will have to get a grip of volatile post-Truss economy and cost of living crisis

Incoming prime minister Rishi Sunak will face a daunting set of challenges, exacerbated by the chaotic legacy left by Liz Truss. Critical issues making Mr Sunak's in-tray all the more pressing include double-digit inflation figures and a volatile economy.

Here are some of the most urgent issues that Mr Sunak will have to prioritise in order to bring stability to the Conservative party and wider electorate.

The economy
Inflation is running at a 40-year high of 10.1% according to the latest consumer prices index figures, causing a significant squeeze on household finances. The energy package put in place by Ms Truss will help to ease the pressure on bills and should prevent inflation reaching the peaks that had been predicted, but Mr Sunak will need to decide what help will be on offer beyond April.

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